NYSE:EFC

Ellington Financial (EFC) Stock Price, News & Analysis

$12.15
+0.06 (+0.50%)
(As of 05/17/2024 ET)
Today's Range
$12.05
$12.15
50-Day Range
$11.03
$12.15
52-Week Range
$10.88
$14.21
Volume
694,673 shs
Average Volume
745,827 shs
Market Capitalization
$1.03 billion
P/E Ratio
18.98
Dividend Yield
12.84%
Price Target
$13.95

Ellington Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
14.8% Upside
$13.95 Price Target
Short Interest
Bearish
5.80% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
13.73%
From $1.53 to $1.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.20 out of 5 stars

Finance Sector

629th out of 871 stocks

Real Estate Industry

15th out of 25 stocks

EFC stock logo

About Ellington Financial Stock (NYSE:EFC)

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments; and consumer loans and asset-backed securities backed by consumer and commercial assets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is headquartered in Old Greenwich, Connecticut.

EFC Stock Price History

EFC Stock News Headlines

What Analysts Are Saying About Ellington Financial Stock
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Company Calendar

Last Earnings
2/26/2024
Ex-Dividend for 5/28 Dividend
4/29/2024
Today
5/18/2024
Dividend Payable
5/28/2024
Ex-Dividend for 6/25 Dividend
5/30/2024
Dividend Payable
6/25/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate
Sub-Industry
N/A
Employees
400
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$13.95
High Stock Price Target
$15.00
Low Stock Price Target
$13.25
Potential Upside/Downside
+14.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$84.81 million
Pretax Margin
71.72%

Debt

Sales & Book Value

Annual Sales
$252.04 million
Cash Flow
$1.70 per share
Book Value
$14.08 per share

Miscellaneous

Free Float
81,300,000
Market Cap
$1.03 billion
Optionable
Optionable
Beta
1.91
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Key Executives

  • Mr. J. R. Herlihy (Age 42)
    CFO & Treasurer
    Comp: $741.26k
  • Mr. Christopher M. Smernoff (Age 46)
    Chief Accounting Officer
    Comp: $477.01k
  • Mr. Laurence Eric Penn (Age 62)
    CEO, President & Director
  • Mr. Mark Ira Tecotzky (Age 62)
    Co-Chief Investment Officer
  • Mr. Michael William Vranos (Age 62)
    Co-Chief Investment Officer
  • Mr. Daniel Reuven Margolis (Age 51)
    General Counsel
  • Mr. Vincent Ambrico
    Controller
  • Mr. Alaael-Deen Shilleh
    Associate General Counsel & Secretary

EFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ellington Financial stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EFC shares.
View EFC analyst ratings
or view top-rated stocks.

What is Ellington Financial's stock price target for 2024?

6 brokers have issued 1 year target prices for Ellington Financial's stock. Their EFC share price targets range from $13.25 to $15.00. On average, they predict the company's stock price to reach $13.95 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for EFC
or view top-rated stocks among Wall Street analysts.

How have EFC shares performed in 2024?

Ellington Financial's stock was trading at $12.71 at the beginning of 2024. Since then, EFC stock has decreased by 4.4% and is now trading at $12.15.
View the best growth stocks for 2024 here
.

Are investors shorting Ellington Financial?

Ellington Financial saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,930,000 shares, an increase of 29.4% from the April 15th total of 3,810,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is presently 4.8 days.
View Ellington Financial's Short Interest
.

When is Ellington Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our EFC earnings forecast
.

How were Ellington Financial's earnings last quarter?

Ellington Financial Inc. (NYSE:EFC) posted its quarterly earnings data on Monday, February, 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.01. The financial services provider had revenue of $27.99 million for the quarter, compared to the consensus estimate of $30.77 million. Ellington Financial had a net margin of 66.65% and a trailing twelve-month return on equity of 10.51%. During the same period last year, the business earned $0.42 EPS.

How often does Ellington Financial pay dividends? What is the dividend yield for Ellington Financial?

Ellington Financial declared a monthly dividend on Tuesday, May 7th. Shareholders of record on Friday, May 31st will be given a dividend of $0.13 per share on Tuesday, June 25th. This represents a $1.56 annualized dividend and a yield of 12.84%. The ex-dividend date of this dividend is Thursday, May 30th.
Read our dividend analysis for EFC
.

Is Ellington Financial a good dividend stock?

Ellington Financial (NYSE:EFC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 12.90%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 243.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EFC will have a dividend payout ratio of 89.66% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EFC.

What other stocks do shareholders of Ellington Financial own?
Who are Ellington Financial's major shareholders?

Ellington Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.74%), Easterly Investment Partners LLC (2.32%), Mirae Asset Global Investments Co. Ltd. (0.78%), Van ECK Associates Corp (0.67%), Principal Financial Group Inc. (0.48%) and Mutual of America Capital Management LLC (0.29%).
View institutional ownership trends
.

How do I buy shares of Ellington Financial?

Shares of EFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EFC) was last updated on 5/18/2024 by MarketBeat.com Staff

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